I have heard that the entry load is a percentage fee deducted from the amount invested before investment. So will they deduct entry load for everymonth in case of a Systematic Investment Plan.
2007-03-08 16:50:16 · 2 answers · asked by Hrishi 1 in Business & Finance ➔ Investing
it depends the load percentage of the fund...
It shouldnt be go more than 2.25% from the investment..including both Entry and Exit Load...
for example :
Investment = 1000.. 2.25% = 22.50 is the load.. units will be alloted for (1000-22.50 ) 977.50..
Somefunds take 2.25% in the Entry itself.. some take 2.25% in exit.. some take 1 % in entry and 1.25% in exit.. some dont even charge load, thats called No Load Fund.. some reduce the load percentage accordingly to make people get attracted towards their funds...
2007-03-08 18:57:16 · answer #1 · answered by Jin 4 · 0⤊ 0⤋
Y
SIP is technicaly fresh investment each time
2007-03-09 12:33:06 · answer #2 · answered by dinu_pawar 5 · 0⤊ 0⤋